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Melkior Resources Drills 77.4 g/t Au over 6.9m in New High-Grade Gold Discovery at Carscallen, Including Project's Highest Grade Gold Interval of 445 g/t Au over 1.2m
Melkior Resources Drills 77.4 g/t Au over 6.9m in New High-Grade Gold Discovery at Carscallen, Including Project's Highest Grade Gold Interval of 445 g/t Au
About this update from Melkior Resources Inc.
[{"type":"text","content":"TIMMINS - Melkior Resources Inc. ('Melkior' or the 'Company') (TSXV: MKR) (OTC: MKRIF) is pleased to announce it has discovered a new high-grade zone as the result of its 1,200 meter (5-hole) winter drill program at its 100% owned Carscallen Gold Property located about 25 kilometers west of the City of Timmins, Ontario.\nThe drilling was focused on expanding the strike and down plunge of the N-S trend, 1010 gold-mineralized structural zone, and is located approximately 1 km southwest of the Shenkman Zone, where the Company previously identified 51.9 grams per ton (g/t) gold over 3.7 metres and 23.5 g/t gold over 8 metres.\nHighlights :\nDH MKR-24-002 intersected 77.4 g/t gold over 6.9 meters including 445 g/t gold over 1.2 meters at the 1010 South Zone.\nThis represents a new high-grade gold discovery at depth of the 1010 South Zone\nThis is the highest metal factor (534 g/t) intercept in the Project's history.\nThe Company is in the process of planning follow-up holes to test the potential extensions of this high-grade intercept.\nDH MKR-24-001 intersected 2.58 g/t gold over 0.50 meters.\nDH MKR-24-003 intersected two zones 2.70 g/t gold over 0.80 meters and 1.26 g/t gold over 1.30 meters.Jim Deluce, Company Director, commented: 'I am thrilled by this discovery and the work completed this past winter at Carscallen Property. These results, the highest ever at the property, not only demonstrate the continuity of the high-grade vein system along strike and down-dip with the best drill intersections attained to date, but also the potential that Carscallen holds when drilling new zones.'Mr. Deluce continued: 'The newly discovered bonanza grade mineralization at the 1010 Gold Zone, together with our high-grade gold prospects at Zamzam, Jowsey and Shenkman gold showings, truly attest to the upside potential of the area for significant mineral discoveries. Our next step is to review the intercept in more detail to determine follow-up holes to expand on this high-grade intercept. We look forward to our next drill campaign as we continue to develop Carscallen.'\n1010 Gold Zone\nThe 1010 gold showings are characterized by multiple, anastomosing, shear-hosted, quartz-sulphide veins which are locally enveloped by silica-albite-sericite altered stockwork breccia mineralization in the surface. The gold zones are often steep dipping (> 75 d...